Ghana’s central bank on Wednesday announced a further 250-basis-point reduction in its benchmark lending rate to 15.5 percent, aiming to support economic growth after inflation eased.
Speaking at the Monetary Policy Committee (MPC) press conference, Bank of Ghana Governor Johnson Asiama said monetary conditions remain tight despite the cut, given ongoing inflation dynamics.
Asiama noted that inflation has fallen faster than expected, with stable expectations and improved macroeconomic conditions supported by fiscal consolidation, tight monetary policy and rising reserves. The Central bank expects headline inflation to remain within the medium-term target range of 6 to 8 percent, barring risks from utility price increases and commodity market volatility.
He said policy focus is gradually shifting from stabilisation to consolidating gains, strengthening real sector recovery, boosting job creation and improving financial intermediation. Asiama added that sustaining Ghana’s macroeconomic progress would depend on disciplined fiscal policy, strong
coordination and targeted agricultural interventions to contain food inflation. In December 2025, the IMF disbursed an additional $385 million to Ghana after favourable reviews of its reform programme.